Census Bureau Report Portrays Destruction Of The American Dream
It Already Is A Depression For Many
The latest report from the Census Bureau on income, poverty and health insurance coverage portrays a darkening economic picture for millions of Americans. Incomes and living standards fell without regard to [...]
Loan Sharks “Salvation” For Many At 2,437% Interest Rates
Loan Sharks: The New Subprime Lenders With A Twist - They Expect To Get Repaid - And Why A Loan At 2,437% Interest Makes Sense
For every loser, there is a winner. Since the demise of the subprime [...]
Extended Unemployment Benefits Make Little Sense
Do Extended Benefits Reduce Job Seeker’s Motivation?
Excluding the depression of the 1930’s we are fast approaching a new official high in unemployment. During the depths of the last worst recession of 1981, unemployment exceeded 10% vs 9.4% [...]
The Contradiction Of Empty Homes And Rising Apartment Vacancies
A Housing Surplus
Huge increases in foreclosures have resulted in millions of homes sitting vacant as bank REO managers struggle to sell the empty homes. Theoretically, people who have been evicted or lost their homes to foreclosures would [...]
Profile Of A “Making Home Affordable” Homeowner - Everyone Should Do It
Overburdened Homeowner Subsidized
Loan modification programs have been seen as the answer to preventing foreclosures and allowing the housing market to stabilize. The programs have become progressively more aggressive as foreclosures continue to mount and housing prices continue [...]
Financial Sense Eludes Most Americans
Financial Quiz - Which Option Is Better?
1. Spend $2.50 today and receive $92 back over the next four years.
2. Spend 25 cents 10 times over the next four years plus spend $92, at easy payment terms of [...]
Tea Parties Draw Small Crowds - Are Taxes Too Low?
Hartford, CT Anti-Tax Rally
Anti-tax tea party rallies took place across the nation on tax day, April 15th. All things considered, including the warm spring weather, the size of the crowds protesting seemed oddly small.
MSNBC -Whipped [...]
Economists Give Obama Grade Rating of F - An Ugly Ending
The First Test Results Are In
Obama, Geithner Get Low Grades From Economists
U.S. President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street [...]
